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Colombia - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Petroleum Lubricating Oil and Grease in Colombia - 2022
Contents:
- Price for Petroleum Lubricating Oil and Grease in Colombia (CIF) - 2022
- Price for Petroleum Lubricating Oil and Grease in Colombia (FOB) - 2022
- Imports of Petroleum Lubricating Oil and Grease in Colombia
- Exports of Petroleum Lubricating Oil and Grease in Colombia
Price for Petroleum Lubricating Oil and Grease in Colombia (CIF) - 2022
In 2022, the average import price for petroleum lubricating oil and grease amounted to $5,322 per ton, with an increase of 47% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum lubricating oil and grease import price increased by +81.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,950 per ton), while the price for Canada ($1,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Lubricating Oil and Grease in Colombia (FOB) - 2022
The average export price for petroleum lubricating oil and grease stood at $3,026 per ton in 2022, picking up by 32% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $3,152 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($5,188 per ton), while the average price for exports to Chile ($1,249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Lubricating Oil and Grease in Colombia
In 2022, imports of petroleum lubricating oil and grease into Colombia fell remarkably to 5.2K tons, shrinking by -39.4% against 2021. Over the period under review, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23%.
In value terms, petroleum lubricating oil and grease imports dropped to $28M in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year.
Import of Petroleum Lubricating Oil and Grease in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.9 | 6.7 | 5.7 | 11.6 | 25.3% |
France | 8.5 | 6.0 | 6.4 | 8.2 | -1.2% |
Germany | 1.9 | 1.4 | 1.8 | 1.8 | -1.8% |
Belgium | 0.5 | 0.6 | 1.1 | 1.5 | 44.2% |
Italy | 0.3 | 0.1 | 0.2 | 0.9 | 44.2% |
China | 0.2 | 0.1 | 0.2 | 0.9 | 65.1% |
Spain | 0.6 | 0.3 | 0.7 | 0.7 | 5.3% |
Canada | 1.6 | 0.3 | 0.1 | 0.2 | -50.0% |
Others | 12.6 | 9.9 | 14.6 | 1.8 | -47.7% |
Total | 32.2 | 25.5 | 30.9 | 27.5 | -5.1% |
Top Suppliers of Petroleum Lubricating Oil and Grease to Colombia in 2022:
- United States (1773.1 tons)
- France (1416.6 tons)
- Belgium (440.0 tons)
- China (312.4 tons)
- Spain (263.2 tons)
- Italy (234.5 tons)
- Germany (228.8 tons)
- Canada (125.6 tons)
Exports of Petroleum Lubricating Oil and Grease in Colombia
In 2022, the amount of petroleum lubricating oil and grease exported from Colombia dropped rapidly to 258 tons, declining by -42.2% against the year before. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 285%. As a result, the exports reached the peak of 446 tons, and then contracted notably in the following year.
In value terms, petroleum lubricating oil and grease exports declined markedly to $780K in 2022. Overall, exports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 254% against the previous year. As a result, the exports reached the peak of $1M, and then reduced sharply in the following year.
Export of Petroleum Lubricating Oil and Grease in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | 292 | 195 | 374 | 275 | -2.0% |
Ecuador | 284 | 51.1 | 222 | 230 | -6.8% |
Panama | 50.0 | 14.2 | 93.7 | 178 | 52.7% |
Mexico | 5.5 | 0.1 | 6.2 | 42.0 | 96.9% |
Venezuela | 29.2 | 1.6 | 23.8 | 29.8 | 0.7% |
Chile | 14.1 | N/A | 207 | 18.3 | 9.1% |
Others | 62.8 | 26.8 | 94.0 | 7.3 | -51.2% |
Total | 738 | 288 | 1,020 | 780 | 1.9% |
Top Export Markets for Petroleum Lubricating Oil and Grease from Colombia in 2022:
- Ecuador (112.5 tons)
- Peru (79.1 tons)
- Panama (34.2 tons)
- Chile (14.6 tons)
- Mexico (9.2 tons)
- Venezuela (6.5 tons)
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
- Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Colombia.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Colombia.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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